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A small business is a business that is privately owned and operated with a small number of employees.Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.

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Q: What is classed as a small business?
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What accounts are affected if you withdrew cash from the business for personal use?

If the withdrawer is not the owner of the business, it would be classed as a loan.If the owner of the business was withdrawing the money, it is classed as drawings.


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No, it is a small town in Victoria.


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